Naftali Group

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Naftali Group portfolio

$171 million* – elevator 65.0%, walkup 12.0%; Manhattan 83.0%, Brooklyn 16.0%

353th largest portfolio by dollar value

859,112 sqft – elevator 65.0%, development 27.0%;

386th largest by SF

20 properties – Manhattan 85%, Brooklyn 15%

455th largest

870 residential units – Brooklyn 65.0%, Manhattan 34.0%

271th largest by residential units

0 foreclosures, 0 bankruptcies, 2 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $12.5 million

Seller company: 1 for $8.6 million

Borrower company: 5 for $742.1 million

Top Ten Associated Companies:

Bank Hapoalim (4), Tryline Capital Management (4), Sky Management (2), CIT Bank (2), Signature Bank (2), HSBC Bank (2), Bank OZK (2), JPMorgan Chase (2), Rosenbergs of Certified Lumber (2), Jachal, LLC (1)

Top Ten Associated People:

William W. Harsh (3), Benjamin Ohebshalom (2), Jonathan Ohebshalom (2), Miriam Sharifian (2), Sheila Hyman (2), Ilyse Dolgenas (2), Israel Michael Rosenberg (2), Joan L. Greenberg (1), Jayaveera Kodali (1), Ilyse Dolgens (1)

Recent activity as company:

Naftali Group borrowed $140 million from JPMorgan Chase for 255 East 77th Street, Lenox Hill, Manhattan on November 27, 2024.

Naftali Group sold 200 East 83rd Street, Yorkville, Manhattan for $8.6 million to Azora Exan on July 16, 2024.

Naftali Group borrowed $177.5 million from Bank Hapoalim for 2326 Broadway, Upper West Side, Manhattan on March 15, 2024.

Naftali Group borrowed $321 million from Bank OZK for N/A Kent Avenue, Williamsburg, Brooklyn on March 14, 2024.

Naftali Group for Michael Witek filed plans for new building for 110,672 sqft in Kips Bay, Manhattan, on February 08, 2024.

Naftali Group for Michael Witek filed plans for new building for 389,584 sqft in Williamsburg, Brooklyn, on January 08, 2024.

Naftali Group borrowed $55 million from JPMorgan Chase for 251 -255th East 77th Street, Lenox Hill, Manhattan on December 11, 2023.

Naftali Group borrowed $48.6 million from Bank Hapoalim for 2326 Broadway, Upper West Side, Manhattan on September 18, 2023.

BNS Real Estate sold 301 3rd Avenue, Kips Bay, Manhattan for $12.5 million to Naftali Group on August 31, 2023.

Naftali Group borrowed $46.7 million from Israel Discount Bank for N/A Kent Avenue, Williamsburg, Brooklyn on January 19, 2023.

Latest Stories:

• Naftali signs $140M construction loan for 62-unit condo project in Lenox Hill (November 29, 2024)

• Naftali files condo plans for 218-unit Williamsburg waterfront project (November 04, 2024)

• Azora Exan pays $8.57M to Naftali Group for retail condo in Yorkville (July 17, 2024)

• Naftali Group signs $177.5M construction loan for 45-unit UWS condo (March 18, 2024)

• Naftali Group signs $238M construction loan with Bank OZK for projects in Williamsburg (March 15, 2024)

• Naftali Group plans 69-unit building on ground-leased land in Kips Bay (February 11, 2024)

• Naftali Group files for 218-unit building in Williamsburg (January 18, 2024)

• Naftali Group signs ground lease valued at $12.5M in Kips Bay (September 01, 2023)

• Naftali Group signs $46.7M refi loan with Israel Discount Bank for dev site in Williamsburg (January 20, 2023)

• Naftali Group signs $83M refi with Bank OZK for 431-unit projects in Williamsburg (December 05, 2022)

Court Records:

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Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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